UAE non-oil trade reaches record $527 billion in H1, says Al Zeyoudi
The milestone reflected the success of the UAE's strategy to build a diversified, competitive and open economy while strengthening its...
Economy
Business
Alujain widens 2025 loss
The increase in loss is due to impairment charges, weaker prices.
- Excluding the impairment, the company would have reported a net profit of SAR 17 million for the year.
- Earnings per share fell to SAR 12.05 per share in 2025, compared with a loss of SAR 0.73 per share in 2024.
Business
Masar 2025 net profit $262m
Higher land plot sales boost revenue and operating income.
- Revenues increased 59.2% to 2.9 billion riyals in 2025 from 1.82 billion riyals in 2024.
- Despite the strong annual performance, the company reported a decline in fourth-quarter earnings.
Business
Tasnee’s 2025 losses deepen
The petrochemicals' company's revenue also fell 17.7 percent.
- Despite the revenue decline, gross income edged up slightly to SAR 85.4 million, compared with SAR 84.5 million a year earlier.
- In the fourth quarter of 2025, Tasnee reported a net loss of SAR 2.04 billion, compared with a loss of SAR 97.7 million in the same period a year earlier.
Opinion
AI can screen talent, only humans can see it
Cultural nuance matters deeply in MENA. Communication styles differ across the Gulf, the Levant, and North Africa. Comfort with camera-based...
- Systems trained on narrow behavioral norms may inadvertently penalize those who express themselves differently.
- In societies where interpersonal trust and relational fit remain central to business culture, removing human judgment entirely could be counterproductive.
Business
DP World 2025 revenue $24.4bn
The profit for the year up 32.2% to reach $1.96bn.
- DP World invested $3.1 billion in 2025 capex, expanding global port capacity to 109 million TEU.
- The company cut Scope 1 and 2 emissions 14% from 2022 levels, with 67% of electricity sourced from renewables.
Business
Aramco 2025 net profit $104bn, to pay $85.4 bn in dividends
Dubai, UAE -- Saudi Arabian Oil Co. (Aramco) reported a net profit of $104.7 billion for 2025, a decline from...
- Earlier in the year, Aramco’s board declared quarterly dividends, including a base dividend of around $21.1 billion for the second quarter of 2025.
- Aramco’s dividend policy combines a base dividend with a performance-linked component tied to financial results and cash flow.
Business
Flynas posts 2025 loss despite revenue growth, Q4 profit rebound
Saudi Arabia’s low-cost carrier flynas posted a net loss of SAR 527 million in 2025, compared with a net profit...
- Saudi low-cost carrier reports revenue growth but swings to annual loss due to one-off IPO-related expenses.
- Adjusted net profit rises after excluding SAR 1.08 billion in non-recurring costs linked to employee shares.
Geostrategy
Saudi, Qatar airlines adjust flights as regional tensions disrupt travel
Dubai, UAE -- Airlines has extended the suspension of flights to several Gulf destinations as regional tensions continue to affect...
- Saudi Airlines extends flight suspensions to several Gulf destinations while monitoring developments and evaluating gradual service resumption.
- Qatar Airways launches limited schedule from Doha to reconnect passengers following temporary authorization from civil aviation authorities.
Business
UAE consolidates its position as global hub for cross-border e-commerce
ABU DHABI, UAE -- The United Arab Emirates has consolidated its position as one of the world’s leading global and...
- Specialised international reports indicate that the UAE is among the world’s most prepared markets for digital trade.
- The UAE’s influence is not limited to its domestic market but extends to supporting the growth of e-commerce across the region
Business
Empower distributes $701 million dividends since listing
Dubai, UAE -- Emirates Central Cooling Systems Corporation PJSC (Empower) said it has distributed AED2.575 billion in dividends to shareholders...
- The company recorded AED3.419 billion revenue in 2025, while net profit rose 10.5% year-on-year to AED1.004 billion.
- In 2025, shareholders approved a dividend of AED875 million for 2025, paid in two equal instalments of AED437.5 million in April and October.
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UAE non-oil trade reaches record $527 billion in H1, says Al Zeyoudi
The milestone reflected the success of the UAE's strategy to build a diversified, competitive and open economy while strengthening its...
Economy
Company News
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Sharjah Chamber registers 30,000 memberships in H1
Dubai, UAE -- The Sharjah Chamber of Commerce and Industry (SCCI) reported an impressive surge in registered memberships in the...
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Saudi Arabia mandates tougher money laundering risk assessments
Dubai, UAE -- Saudi Arabia has updated the executive regulations of its Anti-Money Laundering Law, introducing stricter disclosure requirements for...
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Nasdaq Dubai lists $500 million Arab Energy Fund sukuk
Dubai, UAE -- Nasdaq Dubai has listed a $500 million sukuk issued by The Arab Energy Fund (TAEF), adding to...
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Global equities, gold may extend gains in H2 2026 despite market risks: Standard Chartered
UAE and Middle East investors remain supported by stable oil markets, easing geopolitical risk premiums and strong liquidity, the bank...
- Bank forecasts S&P 500 reaching 7,950 and gold rising to $5,100 by mid-2027.
- Global equities have gained more than 12% this year, supported by earnings and AI optimism.
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Saudi launches one-stop platform for summer travel offers and experiences
Dubai, UAE -- Saudi Arabia's tourism authority has launched a digital platform bringing together travel offers and tourism packages from...
- Platform combines accommodation, flights, events and entertainment offers.
- Packages available for Riyadh, Jeddah, Asir, Red Sea, Taif and Al-Baha.
Business
Saudi tourist spending rises to $22 billion in Q1 despite drop in foreign arrivals
Domestic travel helped sustain Saudi Arabia's tourism sector in the first quarter, with total visitor numbers rising to 37.2 million...
- International visitors generated SAR48 billion, nearly 60% of total tourism spending despite representing just one-fifth of travelers.
- More than 105,000 hotel rooms are scheduled for delivery by 2030 as Saudi Arabia expands tourism infrastructure.